Bloomberg German manufacturers unexpectedly saw demand decline in April, signaling that supply shortages and higher prices are undercutting the country’s economic recovery. Orders fall 0.2%, missing a median estimate for a 0.5% gain. The Economy Ministry said weakness was driven in particular by lower domestic demand. Foreign orders were up 2.7% from the previous month. Manufacturing has been a stronghold ...

Bloomberg Sweden’s economy unexpectedly contracted in April, as weaker consumer spending dampened the largest Nordic economy’s rapid recovery from the pandemic. Gross domestic product (GD)P) shrinks 1.4% from the previous month, according to preliminary data from Statistics Sweden. Analysts polled by Bloomberg expected a 0.3% expansion. Sweden has enjoyed a rebound driven by manufacturing and exports, and its economy expanded by ...

Bloomberg Facebook Inc said it will let all employees work remotely even after the pandemic if their jobs can be done out of an office, but may reduce their pay if they move to a less-expensive area. Starting June 15, any Facebook employee can request to work from home, the Menlo Park, California-based company said in a statement. If those ...